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New Jersey Mining Company Provides Second Quarter Update on Operations and Corporate Activities

· August 15, 2018 ·

COEUR D’ALENE, Idaho, Aug. 15, 2018 (GLOBE NEWSWIRE) — New Jersey Mining Company (OTCQB:NJMC/CSE:NJMC) (“NJMC” or the “Company”) today announced its consolidated operating and financial results for the second quarter of 2018. The full version of the Company’s interim consolidated financial statements and management’s discussion and analysis (MD&A) can be viewed on the Company’s web site, on SEDAR and EDGAR. All amounts are expressed in U.S. dollars unless otherwise specified. Operational Highlights during the second quarter of 2018 include: For the quarter ending June 30, 2018, approximately 8,140 dry metric tonnes (dmt) were processed at the Company’s New Jersey Mill at a head grade of 2.0 grams per tonne (gpt) gold with recovery averaging 90.3 -percent. This resulted in production of 472 ounces of gold contained in flotation concentrates. Open-pit mining progressed from the 1036 bench to the 1027 bench as we continued to advance through the low grade, high waste stripping ratio area in between shoots. Open-pit mine production averaged 1,514 tonnes per day (mineralized material and waste). The on-site, low grade stockpile has increased and contains an estimated 43,000 tonnes at a gold grade of 0.65 gpt. Underground mining in the 851 stope advanced to the north. During… Read full this story

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